The Complete Guide to Maximizing Your Social Security Benefit скачать в хорошем качестве

The Complete Guide to Maximizing Your Social Security Benefit

For many, Social Security makes up a large portion of their retirement income, so it’s important to know how to maximize your Social Security benefit. James explains how Social Security works, diving into some important foundational aspects. He then explains four key strategies for maximizing benefits: 1. Work for 35 years to avoid zero-income years in the calculation. 2. Delay benefits, if possible, until age 70, increasing payments by 8% annually after full retirement age. 3. Leverage spousal benefits, allowing a lower-earning spouse to claim up to 50% of the higher-earning spouse's benefit. 4. Plan for survivor benefits, where a surviving spouse can receive 100% of the deceased spouse’s benefits. By understanding how these factors work, retirees can make informed decisions to maximize their Social Security income, reducing pressure on their savings and ensuring a more stable retirement. Questions answered: How is Social Security funded, and how does it affect my retirement income? How are Social Security benefits calculated based on my earnings? ======================= Submit your request to join James On the Ready For Retirement podcast 👉 Apply Here: https://form.jotform.com/240808233107146 On a Retirement Makeover episode 👉 Apply Here: https://form.jotform.com/Conole/retir... Learn the tips & strategies to get the most out of life with your money. Get started today → https://www.rootfinancialpartners.com/ Get access to the retirement software I use in this video and more → https://retirement-planning-academy.m... 🔔 Make sure to subscribe here to be notified for future videos!    / @rootfp   _ _ 👥 Make sure to connect with us on all socials below → https://beacons.ai/rootfinancialpartners ⏱Timestamps:⏱ 0:00 - How SS works 4:16 - Drilling deeper 6:27 - Full retirement age 8:08 - Work 35 years 10:08 - If possible, wait 12:17 - Spousal benefits 14:03 - Survivor benefits 17:39 - Summary Other videos we think you'll like: About Root:    • Financial advisors with heart.   Worried about retirement? Start here:    • Worried About Retirement..Start With a Bla...   -- Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsements. Participation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.